Mortgage Products

Where there’s a need, there’s a way.

Building, buying, or refinancing — we offer a variety of mortgage options, one of which is sure to fit your needs.

Primary Mortgage Products:

Fixed-Rate Mortgages: The principal and interest payments will always stay the same for the entirety of the mortgage loan term. These mortgages are designed for those who want a consistent payment amount, are on a fixed budget, or believe interest rates could go up.

Adjustable-Rate Mortgages (ARMs) ARMs typically offer lower starting interest rates than those offered in the fixed-rate mortgage product. This lower interest rate can remain fixed for periods of up to 10 years. An adjustable-rate mortgage might be right for you if you are willing to accept some risk over the life of the loan in order to save on the initial interest costs.

Conventional Mortgages The most common type of mortgage, typically provided by the agencies known as Fannie Mae (FNMA) and Freddie Mac (FHLMC). The maximum loan amount is currently $417,000 and usually requires standard documentation for income and assets.

Jumbo Loans The most common type are loans over the $417,000 limit, commonly referred to as non-conforming loans. 

Construction Loans Provided as both the traditional two-step construction loan and a one-time close construction permit loan.

Lot Loans Lot loans provide funds to purchase vacant land zoned for residential use that is intended for building new primary, secondary, or vacation homes within the next five years.

Government Mortgages The most common mortgage insured by the government, such as FHA, MSHDA, and RD guaranteed loans.

Portfolio Mortgages These are products designed for non-traditional circumstances, including bridge financing, unusual property characteristics (e.g., condotel), or unique financial situations.

Other Solutions:

Low- and No-Down- Payment Mortgages Low- and/or no-down-payment mortgages, including government mortgages, are possible. Options are based upon first-time home buyer status, credit history, property characteristics, and income levels.

Investment Property Loans Transactions for single-family and duplex investment properties.

Purchase Money Seconds These are second mortgages taken out at the time of purchase to assist with the financing of the home and can, where appropriate, circumvent mortgage insurance or a jumbo loan amount.

PMI/LPMI/Single Premium (Mortgage Insurance)  Mortgage insurance is traditional in a transaction with less than a 20 percent down payment. There are a variety of terms used depending on how the mortgage insurance is paid. Individual circumstances and property characteristics will determine which options are right for you.